Banco Santiago wants to make a bid-ask spread of 0.65 percent on its foreign exchange transactions. If

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Banco Santiago wants to make a bid-ask spread of 0.65 percent on its foreign exchange transactions. If the ask rate on the Mexican peso (MP) is MP10.3092/$, what does the bid rate have to be?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Question Posted: Jun 12, 2012 01:46 AM

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Banco Santiago wants to make a bid-ask spread of 0.65 percent on its foreign exchange transactions. If

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The ask rate will have to be MP 102422 to pro...View the full answer

Fundamentals of corporate finance

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